Rail

Utah transit completes rail project early, $300M under budget

SALT LAKE CITY — According to the Utah Transit Authority’s (UTA) blog, Urban Ticket, the transit system is more than two years ahead of schedule and $300 million under budget on its FrontLines 2015 program, which has more than doubled the UTA’s transit system. The project will have opened four new rail lines and extended one existing line by 45 more miles.

With the upcoming debut of the Draper TRAX Line, the Utah Transit Authority is less than a month away from completing the entire project. For the full story, click here.

The order is valued at approximately $120 million, including price escalations based on best faith assessment of assumptions, and is an option contained in a 2010 contract for a maximum of 860 trains signed with SNCF on behalf of the regions.